Gambas Avenue / Gambas Crescent site awarded to HLS Development

Its bid for the 21,426.8 sqm industrial site was over $78m.

The land parcel at Gambas Avenue / Gambas Crescent has a maximum permissible gross plot ratio of 2.5 and will have a lease period of 60 years. Under the Business 1 zoning, the site can be developed for various uses such as light industry, clean industry, utilities or telecommunication uses, as permitted under the Planning Act.

The tender for the industrial site was launched on 18 October 2011 and closed on 17 November 2011.

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